Redwood Investment Management LLC Takes Position in iShares Convertible Bond ETF (BATS:ICVT)

Redwood Investment Management LLC bought a new stake in shares of iShares Convertible Bond ETF (BATS:ICVT) during the first quarter, Holdings Channel reports. The institutional investor bought 97,855 shares of the company’s stock, valued at approximately $5,672,000. iShares Convertible Bond ETF makes up approximately 2.4% of Redwood Investment Management LLC’s investment portfolio, making the stock its 8th largest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BB&T Securities LLC purchased a new position in shares of iShares Convertible Bond ETF in the 4th quarter worth approximately $389,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of iShares Convertible Bond ETF by 4.4% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 13,254 shares of the company’s stock worth $696,000 after acquiring an additional 554 shares in the last quarter. FDx Advisors Inc. purchased a new stake in shares of iShares Convertible Bond ETF during the fourth quarter worth $332,000. LPL Financial LLC lifted its position in shares of iShares Convertible Bond ETF by 13.6% during the fourth quarter. LPL Financial LLC now owns 109,205 shares of the company’s stock worth $5,735,000 after acquiring an additional 13,036 shares in the last quarter. Finally, Stephens Inc. AR purchased a new stake in shares of iShares Convertible Bond ETF during the fourth quarter worth $248,000.

BATS:ICVT opened at $58.36 on Monday. iShares Convertible Bond ETF has a 1 year low of $50.43 and a 1 year high of $58.18.

The business also recently announced a monthly dividend, which was paid on Friday, June 7th. Shareholders of record on Tuesday, June 4th were given a dividend of $0.0743 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.89 annualized dividend and a dividend yield of 1.53%.

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Further Reading: Support Level

Want to see what other hedge funds are holding ICVT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Convertible Bond ETF (BATS:ICVT).

Institutional Ownership by Quarter for iShares Convertible Bond ETF (BATS:ICVT)

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